back to top
Wednesday, April 23, 2025

― Advertisement ―

spot_img

Artificial Intelligence Powers Innovation, Efficiency and Growth in African Mining

African mining projects are increasingly incorporating artificial intelligence (AI) to streamline operations and meet ambitious production targets set by governments across the continent. As...

Wale Okediran @ 70

HomeMarketsNigerian Stock Market Ends Last Trading Session of the Year on Bearish...

Nigerian Stock Market Ends Last Trading Session of the Year on Bearish Note

The Nigerian equities market concluded the final trading session of the year on a bearish note, as sell pressures on MTNN (-3.8%) caused the All-Share Index to decline by 0.2% to 102,926.40 points. As a result, the Month-to-Date returns settled at 5.6%, while the Year-to-Date returns stood at       37.7%.

The total volume of trades declined by 29.2% to 437.76 million units, valued at NGN40.34 billion, and exchanged in 8,830 deals. ACCESSCORP was the most traded stock by volume at 30.26 million units, while ARADEL was the most traded stock by value at NGN12.97 billion.

Sectoral performance was mixed as the Banking (-0.3%) and Consumer Goods (-0.3%) indices settled lower, while the Insurance (+4.9%), Oil & Gas (+0.4%) and Industrial Goods (+0.2%) indices advanced.

As measured by market breadth, market sentiment was positive (1.3x), as 35 tickers gained relative to 27 losers. BETAGLAS (+10.0%) and UNIVINSURE (+10.0%) led the gainers, while ETERNA (-10.0%) and UNIONDICON (-10.0%) posted the most significant losses of the day.